Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD.
We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking on the hourly we also have a potential bullish bat pattern setting up as well which lines up with what my top down analysis is telling me.
If the buyers want to maintain control over this pair then we shouldn’t see a dip below that 1.48 level as that even handled number would be a cheap price to reinvest.
I’m expecting a busy week in the markets so be careful out there. Lots of news coming out, especially between Tuesday & Wednesday.
Good luck this week traders and if you didn’t get a chance to this weekend, make sure you check out my latest YouTube video talking about market Psychology & why we see the movements that we do. youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Hey! Almost same opportunity in GBPAUD. Good Luck!
Akil_Stokes
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great find!
felix92
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Thanks Akil!
Akil_Stokes
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No problem, I'm about to do my HTF analysis and I'll probably add this to tonight's Syndicate video
felix92
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We're filed on both pairs. See if we can get some profits out of them..Good Luck!
Akil_Stokes
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Cha-Ching, at least on the GBPAUD, appreciate the head up on this one, I really wanted to get long on gbp pairs going into the overnight due to the CPI release but needed some technical reasons to do so.
felix92
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High prob. patterns at high prob. level with a high prob. risk reward is a perfect way to get involved, I guess.
Akil_Stokes
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Amen to that
SharifAzadeh
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What's your opinion now Akil?
Akil_Stokes
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I'm still in the trade so it's the same. I would say that I'm expecting a loser on this trade though since structure has been violated